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Post-halving letdown? 😩
Bitcoin jumped to new highs in the months after last April's halving, but one year later, the gains don't stack up to past cycles. Here's why.
Andrew Hayward
April 26, 2025
📝 What you need to know
One year after the last Bitcoin halving, industry observers are taking stock of the leading cryptocurrency’s gains. And while it’s true that Bitcoin rose significantly over the last year and set a new all-time high near $109,000 in January, the size of the surge doesn’t stack up to previous post-halving cycles.
Are you upset that Bitcoin is only up about 50% over the last year? Maybe if you were expecting it to be up, say, 762%—as it was a year after the previous halving.
Is this just a matter of diminishing returns as Bitcoin’s price grows? Analysts that Decrypt spoke with point towards other factors, such as high interest rates, not to mention increased volatility spurred by President Trump’s global trade war.
📊 MYRIAD Market of the Day
💬 Quote of the Day
“[Trump] keeps wiffle-waffling… until we get actual clarity in terms of signed agreements between Trump and any of the export partners, especially China, we are not out of the choppy waters.”
